Suppose that a friend of yours says that they were reading about confidence intervals and ask you the following questions: Part 1 When they encountered the symbols a and mu (µ) they ask "What's the difference between what these symbols represent, and what does that have to do with confidence intervals?" (make sure you answer both parts of the question). 1. Part 2 When building a confidence interval, we use a point estimate and margin of error. Explain what these two terms mean, and discuss how the margin of error is related to the sample size.

Suppose that a friend of yours says that they were reading about confidence intervals and ask you the following questions: Part 1 When they encountered the symbols a and mu (µ) they ask "What's the difference between what these symbols represent, and what does that have to do with confidence intervals?" (make sure you answer both parts of the question). 1. Part 2 When building a confidence interval, we use a point estimate and margin of error. Explain what these two terms mean, and discuss how the margin of error is related to the sample size.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.7: Probability

Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...

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